Brazil Cyber Security Market Size & Outlook, 2023-2030
Brazil cyber security market, 2018-2030 (US$M)
Related Markets
Brazil cyber security market highlights
- The Brazil cyber security market generated a revenue of USD 8,822.2 million in 2023 and is expected to reach USD 20,066.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Cyber security market data book summary
| Market revenue in 2023 | USD 8,822.2 million |
| Market revenue in 2030 | USD 20,066.5 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
Other key industry trends
- In terms of revenue, Brazil accounted for 4.0% of the global cyber security market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cyber security market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 19,268.8 million by 2030.
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Cyber Security Market Scope
Cyber Security Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil cyber security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 50.13% in 2023. Horizon Databook has segmented the Brazil cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Enterprises are expanding their business beyond desktops and on-site data centers to include cloud networks and remote and mobile workers. This has provided hackers and cybercriminals with potential opportunities to steal vital information.
Therefore, there is a rising need to extend security at both network and software levels. In February 2023, Accenture, a professional services company, announced the acquisition of Morphus, a Brazilian-based threat intelligence and cyber defense provider, to expand its capabilities in Brazil and Latin America.
With this acquisition, both companies aimed to create a cyber-resilient business and secure their digital core and supply chain networks. The acquisition also expanded Accenture’s position in primary industry groups, such as retail, aviation, financial services, and energy.
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Our clientele includes a mix of cyber security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil cyber security market , including forecasts for subscribers. This country databook contains high-level insights into Brazil cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil cyber security market size, by component, 2018-2030 (US$M)
Brazil Cyber Security Market Outlook Share, 2023 & 2030 (US$M)
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